Keep the carry, hedge the tail. Options on perp funding rates: keep positive funding, get covered when negative funding piles up.
Building @ Solana Colosseum
Basis traders collect funding by shorting the perp, until funding turns negative and the trade starts bleeding. FROST lets them keep the upside and hand off a capped layer of the downside, settled on HyperEVM and Solana.
Built for the @colosseum hackathon!